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Responsible Party Social Security Numbers

Manatt, Phelps & Phillips, LLP

IRS Urges Entities with EINs to Update Responsible Party and Contact Information

Critical in Cases of Identity Theft or Fraud A news release issued by the Internal Revenue Service (IRS) on July 30, 2021, reminds holders of Employer Identification Numbers (EINs) that a change in responsible party requires...more

Sheppard Mullin Richter & Hampton LLP

IRS Change in Application Requirements for Obtaining Employer Identification Number Could Affect Many International Investors in...

Effective May 13, 2019, the Internal Revenue Service (IRS) changed the requirements for obtaining an employer identification number (EIN}. The IRS no longer permits an entity to be named as the “responsible party” on IRS Form...more

Sheppard Mullin Richter & Hampton LLP

Revised EIN Application Process Permits only Individuals to Serve as the “Responsible Party”

An entity operating in the U.S. needs a U.S. Federal employer identification numbers (“EIN”) in order to open a bank account in the United States, act as an employer, file a tax return and complete certain other corporate...more

Sheppard Mullin Richter & Hampton LLP

Opening a U.S. Bank Account Can be Much More Onerous than you Think and Can Delay Your Cross-Border Transaction or Growth Plans in...

French investments in the U.S. vary largely in terms of scale and nature, but whatever it is a small French startup only creating an even smaller U.S. subsidiary or a large French corporation acquiring and restructuring an...more

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